abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Sees Strong Trading Volume – What’s Next?

Shares of abrdn Physical Gold Shares ETF (NYSEARCA:SGOLGet Free Report) saw an uptick in trading volume on Thursday . 19,387,703 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 6,539,530 shares.The stock last traded at $49.21 and had previously closed at $51.24.

abrdn Physical Gold Shares ETF News Roundup

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

abrdn Physical Gold Shares ETF Price Performance

The company’s fifty day simple moving average is $42.31 and its 200 day simple moving average is $37.75.

Institutional Trading of abrdn Physical Gold Shares ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Metis Global Partners LLC increased its position in shares of abrdn Physical Gold Shares ETF by 26.7% in the third quarter. Metis Global Partners LLC now owns 6,808,591 shares of the company’s stock worth $250,624,000 after purchasing an additional 1,434,787 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of abrdn Physical Gold Shares ETF by 145.2% in the 2nd quarter. Quadrature Capital Ltd now owns 1,216,015 shares of the company’s stock worth $38,359,000 after buying an additional 720,140 shares during the last quarter. E Fund Management Co. Ltd. raised its position in shares of abrdn Physical Gold Shares ETF by 530.3% during the 2nd quarter. E Fund Management Co. Ltd. now owns 753,291 shares of the company’s stock valued at $23,759,000 after buying an additional 633,786 shares in the last quarter. MAI Capital Management lifted its holdings in shares of abrdn Physical Gold Shares ETF by 1,277.1% during the 3rd quarter. MAI Capital Management now owns 551,574 shares of the company’s stock worth $20,303,000 after acquiring an additional 511,522 shares during the last quarter. Finally, Global View Capital Management LLC increased its stake in abrdn Physical Gold Shares ETF by 705.1% in the third quarter. Global View Capital Management LLC now owns 492,681 shares of the company’s stock valued at $18,136,000 after acquiring an additional 431,489 shares during the last quarter.

About abrdn Physical Gold Shares ETF

(Get Free Report)

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.

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